Verizon Wireless laid off some of its employees who worked at in-store locations at Circuit City stores. Circuit City is closing its stores nationwide and is currently in liquidation.
Verizon Wireless cut 45 percent of the employees, the number of which is estimated to be in the low hundreds, according to Verizon Wireless spokesperson Harold Waterman. FierceTelecom received an email from Waterman Tuesday responding to an inquiry and he said the company would provide severance and outplacement services to "those we cannot unfortunately retain."
Waterman said the layoffs are only related to Circuit City store closings, and that rumors of layoffs of senior sales staff in the Gulf Coast area are "absolutely not true."
Rumors of layoffs in Verizon's wireline division have also been circulating. Verizon Wireless reported much stronger fourth quarter results than the landline divisions did, with 1.4 million net subscriber additions in the quarter.
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Verizon Wireless has 1.4M net adds in Q4
UPDATE: Verizon Wireless lays off employees formerly at Circuit City
Rumor Mill: Circuit City bankruptcy triggers Verizon Wireless layoffs
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